Financial Times: The case for ‘truly-long-term’ debt ratings
Further coverage of research co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, on how global warming affects sovereign credit ratings. The study suggests global warming downgrades as early as 2030. (subs)…
South China Morning Post: Why China has more to gain from fighting climate change than other countries
A further coverage for a study on climate change and credit ratings co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy, Cambridge Judge Business School. “By linking climate science with economic models and real-world sovereign ratings methodology,…
The New York Times: How debt and climate change pose ‘systemic risk’ to world economy
A study on climate change and credit ratings co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, covered in the New York Times. The study suggests that “global warming downgrades as early…
World Economic Forum: Study: Global warming could cut 63 countries’ credit ratings
A study co-authored at Cambridge Judge has predicted that “63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ratings cut because of climate change by 2030.” The…
Financial Times: AI can shine digital sunlight on to company greenwashing
A study on climate change and credit ratings co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, featured in the Financial Times article. “The majority of countries in our sample will suffer…
The Guardian: UK, US and others face credit rating fall over CO2 emissions – study
Sovereign debt downgrades in store for many nations unless they act on climate crisis, says a team of researchers including Dr Kamiar Mohaddes of Cambridge Judge Business School. The used artificial intelligence to simulate the economic effects of climate change…
Emissions and credit
The first 'climate smart' sovereign credit ratings suggest global warming downgrades as early as 2030, says team of economists including Dr Kamiar Mohaddes of Cambridge Judge Business School. The first sovereign credit rating to directly include climate science shows that…
Firms’ capital structure dynamics, market competition, and industry dynamics
by Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Debt-equity conflict is undoubtfully one of the core paradigms of corporate finance research. It is well-known that, once debt is in place, the misalignment…
The Guardian: Covid-19 has exacerbated soaring problem debt levels in the UK
Dr Mia Gray, Senior Research Fellow at Cambridge Centre for Alternative Finance, discusses how Covid-19 has worsened the problem of debt levels in the UK. “Many of the issues around problem debt reflect that the people in our society with…
Is debt financing by firms good for economic growth?
by Dr Adelphe Ekponon, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Adelphe Ekponon In addition to internal funds, firms have two main sources of financing: equity and debt (in general, a mix of…
